FINCA Microfinance Bank Ltd - Raqam Barwaqt - MFTransparency.org Truth In Lending Tables

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Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab

Data approved: 2015-04-17

Data version: 2

Age of data: 118 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PKR)	PKR 943,230,382.30
Portfolio (USD)	USD 9,262,522.35
Active Clients with Loans	11,506
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Running Finance loan with montly bill payment

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	3
Regions Active	Khyber Pakhtunkwa, Punjab, Sindh

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 50,000
Maximum loan size	150,000

Distribution at Disbursement (Est.)

Loans less than PKR 10,000	0
PKR 10,000-25,000	0
PKR 25,000-50,000	0
PKR 50,000-75,000	40%
PKR 75,000-150,000	60%
Greater than PKR 150,000	60%

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments	x

Pricing Information

Interest

Lowest quoted nominal interest	27.00%
Highest quoted nominal interest	28.00%
Reason(s) why interest rate varies	%age of limit utlized.
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	No

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	1,500
Fixed amount - max	2,500
Reason for variation	for fresh clients as high as 2500, for repeatg clients as low as 1500
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0.07%
% of loan amount - max	0.07%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	16%
All or some fees taxed	Some

Full Pricing Data

Raqam Barwaqt samples

Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	True Price by Component					Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
PKR 50,000	Generated	2015-06-01	12.0 months	N/A	PKR 16,627.10	33.2%	29.6%	2.3%	0.9%	0.4%	0.0%	81	-	PDF
PKR 55,000	Generated	2015-06-01	12.0 months	N/A	PKR 18,202.30	33.2%	28.7%	3.1%	0.8%	0.6%	0.0%	81	-	PDF
PKR 60,000	Generated	2015-06-01	12.0 months	N/A	PKR 19,698.87	32.8%	28.7%	2.8%	0.9%	0.4%	0.0%	82	-	PDF
PKR 76,000	Generated	2015-06-01	12.0 months	N/A	PKR 25,465.82	33.8%	27.7%	4.5%	0.9%	0.7%	0.0%	80	-	PDF
PKR 80,000	Generated	2015-06-01	12.0 months	N/A	PKR 26,622.97	33.6%	27.7%	4.3%	0.9%	0.7%	0.0%	80	-	PDF
PKR 90,000	Generated	2015-06-01	12.0 months	N/A	PKR 29,515.84	33.0%	27.7%	3.8%	0.9%	0.6%	0.0%	82	-	PDF
PKR 100,000	Generated	2015-06-01	12.0 months	N/A	PKR 32,408.71	32.5%	27.7%	3.4%	0.9%	0.5%	0.0%	83	-	PDF
PKR 125,000	Generated	2015-06-01	12.0 months	N/A	PKR 39,640.89	31.7%	27.7%	2.7%	0.9%	0.4%	0.0%	85	-	PDF

Raqam Barwaqt Price Graphs

Loan Size/

Loan Term/

Custom

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Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	162
Ahantaman RB	23,800	9,896,000	4	144
APED	13,700	1,876,000	2	144
ASA Initiative	4,400	577,000	4	144
ASA-Ghana	71,600	18,385,000	2	144
ASPI	800	88,000	6	144
Atwima Kwanwoma	3,800	1,788,000	2	144
Baobab	5,100	967,000	2	144
BestFUND	13,000	4,172,000	3	144
Bonzali Rural	10,400	1,691,000	4	162
CashPhase	83	135,000	2	144
CASUD	1,100	524,000	1	144
CEDEF	500	54,000	4	144
CFF	100	13,000	1	144
CRAN	3,600	1,019,000	2	144
DQF	1,700	63,000	2	144
EASL	9,200	11,409,000	6	144
East Mamprusi	12,500	2,268,000	4	144
ELDA	0	0	0	144
EMPRETEC Ghana	200	56,000	2	144
FASL	13,500	14,047,000	8	144
Grameen Ghana	9,500	507,000	3	144
ID-Ghana	5,600	953,000	3	144
Innovative Finance	2,700	354,000	3	144
Kraban Support	7,700	781,000	5	162
KRB	4,000	6,350,000	3	144
Lower Pra RB	34,000	6,316,000	3	162
Maata-N-Tudu	12,000	941,000	4	144
Mail Finance	300	288,000	1	144
Markaz	0	0	0	144
Markaz Al Bishara	100	17,000	1	144
MicrofinPlus Gh	1,100	251,000	2	144
Nwabiagya RB	4,000	2,265,000	3	144
OISL	62,000	27,232,000	9	144
Pro Credit	0	0	0	144
Rich Step	100	101,000	1	144
SAT	147,600	29,359,000	4	144
Sekam Trust	600	137,000	2	144
Simli Pong	8,900	463,000	3	162
SS Ghana	200	35,000	1	144
TCCU	100	32,000	3	144
The Bridge	400	32,000	3	162
Union RB	3,800	2,361,000	4	144

Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Raqam Barwaqt samples

Raqam Barwaqt Price Graphs

Total Borrowers of Samples

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